Day: March 3, 2009

In which I argue that Keynes did not foresee the role that technological development would have on improving the ability to reduce costs. Imagine a factory with 3 employees, and a boss who basically lives off of the profits, essentially… Read moreDebunking the Paradox of Thrift

The market’s obviously suffering these last few days, what with the obvious failure of the TARP and the stillbirth of the stimulus package. The stock market is clearly feeling the loss, and is on an unpleasant downward trajectory. But the… Read morePositive Thoughts